All posts tagged: inflation

Looking for Solutions from the Capitalist System, the Source of Crises, is Like Holding on to a Spider’s Web!

Türkiye’s Medium-Term Program (MPP), which presents the 3-year roadmap of the economy, has been announced. The government, which announced its main macroeconomic targets such as inflation, employment and growth for the period 2024-2026, lowered its growth expectations compared to the previous period and raised its inflation forecast.

Islam Gives Meaning to Technological Advancement

India’s moon landing on 23 Aug is yet another technological feat, among the long list of technological achievements throughout the World during the past century. The World witnesses these technological breakthroughs every now and then. However, despite these technological advancements, the plight of people around the world continues to deteriorate. People around the world suffer […]

Elections Are Not a Solution and Will Not Bring Anything New, Even if the People Implementing the Regime Change and the Military is Removed from the Equation

These days, voices are calling for Sisi to step down and for his safe exit from the scene. Critics of his policies and decisions have emerged from those who were brought up in the embrace of the regime and were among its pillars during the Mubarak era.

Two Wrongs Do Not Make a Right

President Recep Tayyip Erdoğan, regarding the economic policies discussed after Treasury and Finance Minister Mehmet Şimşek’s statement “We will return to the rational ground”, said, “We accepted that our Minister of Treasury and Finance is taking his steps with the Central Bank quickly and easily. We declared our determination to reduce inflation to single digits. […]

The Hasina Government has Surrendered to the Neo-Colonial Policies of the IMF and Stabbed the Ummah again by Imposing Exploitative Income Taxes and Debt Burdens

The government’s major concerns in finalizing the FY24 budget are limited revenue income and compliance with IMF loan requirements. The record budget of Taka 7617.85 billion has a record deficit of Taka 2578.85 billion when foreign funding and loans are factored in. To meet the massive spending, a total revenue target of Taka 5039 billion […]

The People of Sudan Have Not and Will Not Be a Crisis for The People of Egypt Rather, The People of Egypt and Its Army Must Embrace Them and Support Them

Egyptian President Abdel-Fattah El-Sisi said that his country “will face economic repercussions and difficulties” if it receives more Sudanese, in the midst of the ongoing crisis between the conflicting parties in their country. This came in an interview he gave to the Japanese newspaper “The Asahi Shimbun”, which published the article, yesterday, Tuesday, 2/5/2023, on […]

The International Monetary Fund’s Positive Statements and Confidence in the Creditworthiness of Jordan’s Fiscal and Monetary Policies… Misleading and Conspiring to Bankrupt the Country

The International Monetary Fund (IMF) said that Jordan’s prudent fiscal and monetary policies have maintained economic stability and a positive future outlook for external creditors and global rating agencies. This came in a press interview with “The Kingdom” conducted by the Resident Representative of the International Monetary Fund in Jordan, Kareem Ismail, on 12/4/2023.

News Review 22/02/2023

News Headlines: * Pakistan National Assembly Passes Finance Supplementary Bill * Russia Suspends Participation in New START * Iran Enriches Uranium to 84% Pakistan National Assembly Passes Finance Supplementary Bill Pakistan’s National Assembly passed the Finance Supplementary Bill introduced on Feb. 15, which will implement higher taxes. The bill proposes a general sales tax increase […]

Capitalist Economic Managers Have No Way to Rescue Pakistan from Economic Crisis

As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]

Pay Rises Will Not Draw the Curtain over the Oppression of the Capitalist System!

Türkiye: Inflation figures for December, which concern millions of working civil servants and retired civil servants, have been announced. The rate of increase in salary of civil servants and retired civil servants has been announced. Civil servants and retired civil servant retirees will get a raise of 16,47 percent. President Erdogan updated the 2023 rate […]

Egypt’s Economic Crisis is, in fact, a Systemic Crisis It is the Root of the Disease and the Source of Affliction

Extreme poverty, disguised unemployment, political and economic chaos, outrageous wealth for a few at the expense of the majority of people, an unprecedented drop in the value of the pound against foreign currencies, eating up people’s savings, a strong decline in the standard of living, a steady increase in public debt, an unprecedented rise in […]

Government is stealing the Hard-Earned Savings of the People by Printing Fresh Money without Real Asset backing; Only the Khilafah State’s Bimetallic Standard (Gold and Silver) can end Capitalism’s Monetary Hegemony

Bangladesh Bank created fresh money of more than Taka 500 billion in the July-December period in the name of budget support, the highest in recent history (The Business Standard, January 03, 2023), to compensate the money looted from the banks by the Capitalists elites. The default loans of the commercial banks have already reached Taka […]

Rumours of a Technocrat Setup Prove the Current System Has No Solutions to Problems. It is Time for a New Politics and a New State, through the Re-Establishment of the Khilafah (Caliphate)

Hoping to solve economic problems, through a technocratic setup, is a fool’s dream. Throughout Pakistan’s history, the economy has already been run by technocrats, imported from the IMF, World Bank and other Western, economic, and colonialist institutions. Even today, the people who are being nominated for the technocrat setup have already been tried and tested. […]

Federal Shariat Court’s Interest Prohibition: A Fig Leaf for Capitalism’s Ugly Side

The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]

Loans will Not Fix What Capitalism Has Ruined! How can Egypt Survive the Successive Saves of Loans and the Subsequent Inflation?

The International Monetary Fund (IMF) announced its approval of a 46-month cooperation program for Egypt, in an amount of 3 billion US dollars, according to a statement from the IMF on Saturday 12/17/2022. The package of policies included in the program includes measures, including the permanent transition to a flexible exchange rate system and the […]

Compliance with IMF Prescription to Increase Fuel Price is only for the Survival of Hasina’s Corrupt Regime, but Suicidal for our Economy

Amid public suffering due to the price hike of essentials and hampering of industrial production due to the power crisis, the deceitful Hasina government has decided to increase the bulk electricity prices by 19.92% to Tk6.20 kWh from the previous price of Tk5.17 kWh in compliance with the prescription of International Monetary Fund (IMF).

Q&A: US Congress Elections

Question: The Republican Party secured control, with a small majority, over the US House of Representatives which is made up of 435 seats. [“It won at least 218 seats, according to estimates by CBS News, the BBC partner in the United States.” (BBC, November 17, 2022)]. As for the Democrats, they celebrated [“Sunday that the […]

The Rupee’s Peg to the Dollar, Ensures that it Depreciates. In Islam, Currency Based on Gold and Silver Will Save Pakistan and the Muslim World from Dollar Slavery

The PDM government is facing intense public anger due to the severe currency crisis, and the resulting inflationary storm. To calm the public, the government has announced that the Finance Minister, Miftah Ismail, has been replaced by Ishaq Dar, who has been given the task of stabilizing the value of the Rupee. However, this step […]